It is on the contract that I have received from the freeholders(council) solicitor as part of the Right to Buy transaction to purchase a 125 year leasehold. I have not yet signed, as this restriction could stop me buying the leasehold as i intended to 'sub lease ' in a year or two. On the contract it was listed under schedule 9 ; Restrictions: no transfer of lease or lease of the estate within 10 years of agreement.It seem pretty straight forward that I can't sub lease, however reading the housing act and all of the Leasehold sections it would seem that the freeholder would not usually withold this if requested in writing.
I have tried to reconcile this by asking the question: would the freeholder normally cecede to me , as the leasholder , subleasing. But they say I need legal advice!
Yes, probably a 12 month with a rolling agreement probably.
Yes thats useful. I think I have to work on the basis that they wont remove this covenant and therefore possibly get the indemnity insurance as you mention, or when I am ready to sub lease (if i do!) I follow the rule book with a polite request and hope that they view favourably as various written guidance would suggest.
Attachments are only available to registered users.
I like the phraseology. I am finding it is important to use the correct phrases so that is very useful. Also to write in a respectful and courteous manner.
Thanks again for this. I will let you know how i get on if I can.